Technical analysis is a trading methodology used to evaluate securities and financial markets based on statistical trends and market activity. Technical analysts examine past market data, including price and volume, to forecast future market behavior and make investment decisions. In this blog, we will explore the basic concepts and tools used in technical analysis. The Basics: Price charts The cornerstone of technical analysis is the price chart. Technical analysts use charts to visualize historical prices and volume of a security over a specific period. These charts are available in various formats, including line charts, bar charts, and candlestick charts. Line charts are the simplest type of chart, displaying the security's closing prices over a given period. Bar charts add more detail by showing the open, high, low, and close prices of the security in a given time frame. Candlestick charts, the most popular type of chart, show the same information as a bar chart but are easi